PREMIUM PRIZE BONDS WORTH RS 40,000 Prize bond
- Profit Rate is 1.5% bi-annual.
- Available in Rs 40,000/- Denomination.
- Registered in the name of investor.
- Quarterly Prize Money Draws as well as Bi-annual Profit Payment.
- For Individuals, Public and Private Sector Institutions.*
- Direct Credit of Prize Money and Profit in Investors Bank Account.
- No Application Forms required for claiming prize money as profit.
- Highest prize of Rs 80,000,000/-.
- Unlimited Investment and Tenure.
- WHT applicable & Exempt From Zakat.
- Transferable & Pledge-able.
- Can be purchased through Cash, Cheque, Pay-Order and Bank Draft
- Can be purchased From offices of State Bank of Pakistan Banking Services Corporations.
Draw Schedule for Premimun Prize bond
|Date of Draw||Place of Draw|
|11-03-2019||SBP BSC, Rawalpindi|
|10-06-2019||SBP BSC, Peshawar|
|10-09-2019||SBP BSC, Muzafarabad|
|10-12-2019||SBP BSC, Quetta|
Document You need to buy Premimum Prize bondFollowing documents are required for Premium Prize Bond Sale Application.
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About Premium prize bond
The government has launched first ever registered premium prize bond worth Rs 40,000 with prize of Rs 80 million on draw and monthly profit
The profit will be given after every six months. The bonds
will be available for individuals, public and private institutions while banks
can not purchase these bonds. Finance Minister (FM) Senator Ishaq Dar
inaugurated the bond in a ceremony held here in state bank on Friday Addressing
the bond launching ceremony Dar said bond will leave positive impact on national
economy and it will afford a better chance to investors to bring improvement in
their financial position.
won investment of 40,000 in premium bond, Rs 80 million prize will be given on draw besides providing monthly profit. The registration of this bond has been started from Friday and everyone and company will be eligible to purchase these premier bonds except banks, he added. The buyer of the bond will be provided a printed receipt on purchase of this bond, he added. No time frame has been set for making investment through this bond, he pointed out..
Bonds are being launched in developed countries since long, he said adding this has left positive impact on their economies. Pakistan is striving to make its economy stable and vibrant. The world experts and credible institutions are seeing Pakistan to be among 20 bigger economies of the world till 2030 , therefore, government is taking serious measures to capture the attention of foreign investors, stabilized the economy, curb tax evasion and for improving living standard of people in line with manifesto of Prime Minister Mian Muhammad Nawaz Sharif.
Launching of premium bond worth Rs 40,000 is a step of paramount significance.
We will have to raise saving ratio beyond 20 percent to become emerging economy
in real sense, he urged.
It will be available for individuals, public and private institutions except banks, insurance companies and mutual funds. The premium prize bond can be obtained through State Bank branches in Islamabad, Lahore, Karachi, Peshawar and Quetta..He noted that international professionals believe Pakistan will be among top 20 countries in 2030 due to its fast growth in economy.World credible institutions recognized Pakistan economy, he added. Dar further highlighted that Pakistan’s growth rate is 7 to 8 percent. He said a bond of one hundred thousand rupees will also be launched soon